Netcees - After 500 days of trumps presidency

Quote:

Originally Posted by Sharp (Post 672536)

I'm with you in that sentiment. I was saying let's say it's 2070 and Diode owns a jerky factory that he bought for 1 mil in 2020. He kicks it and leaves it to his son. His son just got a factory worth about 10 mil in 2070 dollars, so the government is more taxing the appreciation of the factory value in those 50 years than Diode Jr's inheritance... At least... I think that's the point? I've put off forming an opinion on it because it will literally never effect me

the problem with that logic is diode continually paid taxes operating that company in america for 50 years. he paid taxes on his salary, on the property, took it from his employees, paid taxes on everything involved with owning and operating the business. his son will continue paying those taxes by running the company, there is no need for the government to step in and take more.